Neuland Laboratories Limited - Transformation towards niche APIs?

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@jeet1990 Neuland is the API supplier for KARXT, who is the formulator.
Are there any other supplier for the API Xanomeline.

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As far as I know, which is limited, Neuland is the sole supplier of Xanomeline. I don’t know who the formulator is as those details have not been disclosed. My best guest is BMS will be the formulator or would have had some plan for formulations before they acquired Karuna.

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B&K Securities estimates Xanomeline api to cost $75 million in 2027.

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Does anyone know the monthly export figure (December)?

Where can we track the export data of Pharma companies? Is it Volza or is there more accurate and reliable data source other than Volza for Pharma companies?

No correlation between export data and their quarterly results, management has already pointed this and has been case in the past too - the problem is sometimes they also sell to indian pharma cos who use their ingredients and export it further, which is not accounted and even the booking cycles vary

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But the 80% export they have mentioned they do, it must be direct exports only right?

Yes the self reported sales to US/EU clients is export data but they don’t release monthly figures or details of exports as it is confidential.

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Neuland Announces New Vision and Values Statements

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Neuland’s 3QFY25 export shipments declined 5% q/q. Its Bempedoic acid shipments declined q/q from $8M to $6M and its Kar XT shipments went from $10M to $7M.

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There is no chemical called KARXT :grinning:

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What’s the source for the same? Which report/database?

The company doesn’t publish any export data. Any figures you read online are broker’s estimates. Take it with a pinch of salt. If you have questions you may email the company directly and they will tell you the same.

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